HRM consequences of going public

• Published in: International journal of manpower Vol. 23; no. 2; pp. 126 - 136
• Main Authors: van der Zwaan, A.H., von Eije, J.H., de Witte, M.C.
• Format: Journal Article
• Language: English
• Published: Bradford MCB UP Ltd 01.01.2002; Emerald Group Publishing Limited
• Subjects: Accountability; Communication; Corporate profits; Earnings per share; Efficiency; Employees; Financial performance; Going public; Human resource management; Hypotheses; Initial public offerings; Investments; New stock market listings; Organizational change; Stock exchanges; Stock options; Stock prices; Studies; The Netherlands; Transparency; Netherlands; The Netherlands; Going public; Efficiency; Human resource management; Organizational change; Accountability
• ISSN: 0143-7720; 1758-6577
• DOI: 10.1108/01437720210428388

In a sample of 28 Dutch IPOs we looked for the organizational and human resource changes that accompany the transformation from a private into a public firm. We observed a growing efficiency climate and accountability drives, as well as a relationship between financial participation and performance, as recent literature seems to imply. This suggests that HR and IPO are related to each other, under the transparency and accountability imperatives that accompany IPOs. In contrast to most other IPO studies, the average Dutch case featured over- instead of under-performance during the first few years after quotation.